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5 Life Hacks that Would Give You Enough Money for Photography Business Insurance

It seems as though there's never a shortage of ways in which Americans are told they're wasting money. But if you want to scrounge up a little spare change to pay for photography insurance, here's a useful list that might help you cut some unneeded spending. You don't even need to cut that much, really. Most photographers can purchase a Business Owner's Policy for about $500 a year.

Don't think you can come up with that kind of cash? Well, here are some tricks that'll make it easy:

1. Lower Your Water Temp and Replace Your Light Bulbs

1. Lower Your Water Temp and Replace Your Light Bulbs

A lot of people wonder about effective ways to lower their energy bill. You don't necessarily have to fuss with insulation, window replacements, or solar panels. In fact, here are a couple of easy things you can try today:

  • Lower the temperature on your water heater thermostat from 140 to 120 degrees. According to the government's Energy Star website New browser window icon., this can save you up to $400 per year on your heating bill.
  • Use Energy Star-rated light bulbs in your most frequently used light fixtures. It could save you $70 per year.

Between these two tips, you'll save nearly enough money to pay for a year's worth of insurance! Just skip a few lunches from your favorite restaurant and you're set. And speaking of eating out…

2. Make Your Lunch at Home

2. Make Your Lunch at Home

People spend a lot of money eating away from home. From leaving work to get lunch to ordering a pizza every Friday night, the tab can really add app. The U.S. Bureau of Labor Statistics reports New browser window icon. that the average American household spends over $2,600 per year on eating out. That's nearly 40 percent of the average household food budget.

Consider cutting back on your restaurant visits and making your lunch every day before work or the night before. You don't have to give up restaurants altogether, but spending 20 percent less would give you the $500 that protects your photography business.

3. Brew Your Own Coffee — and Your Own Beer!

3. Brew Your Own Coffee — and Your Own Beer!

Why spend a bunch of money on beer from the store when you can brew your own from home? The savings are…well, they're not that great. Mint.com New browser window icon. estimates you can save around $62 a year crafting your own brewskies, depending on how much beer you normally buy. Still, it's a great hobby, and what photographer doesn't like kicking back a cold one after a long day of shoots?

A much better savings idea is brewing your own coffee. Get a coffee maker, a thermos, and a bag of beans, and, baby, that's all you need! If you spend $2 on coffee from the café each day before work, you're spending about $522 a year. And that's not counting the weekends or those times you get coffee multiple times a day.

By contrast, brewing your own costs about $0.25 a cup, totaling $65 a year. That's $457 in savings. Add that to the money saved from your beer brewing, and not only do you have enough for insurance, but you also have the warming aroma of coffee in your kitchen each morning and enough beer for everyone on your holiday gift list.

4. Get a Library Card

4. Get a Library Card

Have you been to your local library lately? Chances are that they have a lot more than just books. Libraries are increasingly offering local communities more media for free. You might be able to check out movies, music, and digital books in addition to all the literature you'd expect to find.

Top Stock Analysts New browser window icon. states that American households spend about $109 a year on reading material and hundreds more on movie rentals, games, and music purchases. If you're an entertainment fiend constantly on the lookout for new media to consume, spending your time at the library instead of the book store could save you serious cash.

5. Be More Careful with Your Grocery Purchases

5. Be More Careful with Your Grocery Purchases

According to Business Insider New browser window icon., Americans waste about $165 billion on thrown-out food each year. That's about $529 per person. By being more conscientious about your grocery shopping, you can save a ton of money.

Buy enough for what you think you'll eat. If you can buy in bulk (another way to save money), make sure you can store the extra so it doesn't spoil. Don't go to the store while hungry — that's a rookie mistake. Buy fresh fruits and vegetables, and remember to eat them. Don't shove leftovers in the back of the fridge where they'll be forgotten and grow new and exotic multicolored life forms. And lastly, don't leave food out after you're done eating it. Okay, you get the picture.

Got $500 Now? Then Let's Talk Insurance

Once you're done shaking out the couch cushions for those last few dimes and you've changed your ways to become a more efficient consumer, get some free quotes for photographer insurance so you can protect your business. Fill out a free online application, or contact one of our photography insurance specialists today.

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